The answer to your question Is b.
Answer:$30,000
Explanation:
The total value of Abby capital is $60,000 a sales of one half means $30,000 which will be debited to his capital account and credited to Sandra capital account as her share in the partnership, however the balance of $5000 will be credited to Abby share of profit account as gain on sale of share of capital. Crediting the whole sum to his capital account will reduce his stake in the partnership and put the old partners at a disadvantage in future share of profit.
The $5000 further represents a reward for the value he has added to the partnership called goodwill.
Answer:
The correct answer is : indemnification,
Explanation:
In this case, the company may reimburse them for legal fees and judgments. It refers to compensation when harm or loss is presented. It is used when people decide to have a contract in order to change potential costs from one party to the other one. It also protects a party against losses
Answer:
D.5 years
Explanation:
Annual Depreciation = Cost/Useful life
$15,000=$80,000/Useful life
Useful Life=$80,000/$15,000
Useful Life=5.33